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ENERGY INSTITUTE RELEASES FOB DRAFT




The Energy Institute has released their latest draft of the "HM80 Model General Terms and and Conditions for Free on Board (FOB) Sale and Purchase of Crude Oil".





The Energy Institute has released their latest draft of the "HM80 Model General Terms and and Conditions for Free on Board (FOB) Sale and Purchase of Crude Oil".



EI has made the document available through its website and is allowing comments to be made on it publicly for the next month.



A committee meeting is planned for the second week of February wherin the comments will be addressed and discussed. Thereafter the plan remains to finalize the document for full publication.



EI welcomes comments/input from LEAP members, including those not on the committee itself.